Save TDS on PF withdrawal | How to fill Form 15G | Form 15g for pf withdrawal

[@AjayKumar-nw2fh]

Dear Sir, First of all Thank you very very much. I filled form 15G as per your guidance in above VDO. You have done very hard work to prepare this very usefull VDO. After filling form 15G for EPF withdrawal, I received My claimed amount on 13th day, (including all days of week) . I received claimed amount WITHOUT CUTTING A SINGLE RUPEE.....I thank you very very much for outstanding & very very helpfull VDO.

[@TaxGuruJi]

I am glad this video helped you and thank you for this appreciation comment. There are very few viewers who write feedback after getting the benefit. Keep supporting and stay connected

[@mukeshyoutube4981]

Did you download form 15G from below the link? Yes/no Please me because i have downloaded new form of 15G

[@TaxGuruJi]

You can use new format

[@mukeshyoutube4981]

@@TaxGuruJi thanks your format is easy. I got it from ITD WEBSITE

[@TaxGuruJi]

You are welcome

[@PK-gg2jg]

In 16 column are you sure that we have to mention only PF amount , without adding pension amount,

[@armaanraj3181]

Yes for pension withdrawal no 15G is required

[@abrsyd]

I really found your video very informative and you explained it in a layman's language so that everyone can understand. I work in real estate and filling up form 15 G/H was very challenging. Just few more points i think you should include are: 1. What are the kind/type of other income that has to be added in point 17 2. Want more clarity in point 18, if its N/A then is it right to fill number of forms filled as point 18 very clearly mentions " Details of forms filled other than this form in P.Y" 3. Also tell viewers than there are two kind of forms 15G and 15H. So 15G is for valid for people below 60 yrs and 15h for above 60 yrs. This is very confusing for people who have no idea of what these forms are. Its important point to mention the difference 4. If somebody is watching your video in F.Y. 2020-21, then how to fill P.Y ending on and A.Y I feel if you include these points, your video will be perfect.

[@sam11sid]

Yes , agree

[@amitsmile1]

Sir, Given inform is very usefull and in very correct manner.

[@TaxGuruJi]

Thanks

[@vipinpanchal9461]

Sir, Given inform is very usefull and in very correct manner.

[@tahirtahir7780]

Muje bhi sikhawo plz Apna no send karo

[@jayalakshami2173]

Kitha na saral se samjadhiya Aap ne. THANKS A LOT OF SIR ❤👌👌👌👌👌👌🙏🙏🙏🙏🙏

[@dimpalsarma2449]

Sir, I have added pf ammount + pension ammout in the form 15G. Will it be rejected ...?

[@chandrakalasalian2038]

Yes, Sir now I will apply for form 15g. Following your said advice. Thank you so much, Sir.

[@TaxGuruJi]

You are welcome

[@mohdshujatali5611]

Very very Informative video💯and the video which don't have dislikes.. Respect 🎉🎉

[@TaxGuruJi]

Thank you so much

[@amitmountains]

Thank You Sir Apki Video Dekh Form 15g bhara aur ek baar mai Claim Settle ho gya aur next Day credit bhi ho.gya amount Thank you Sir Again🙏🙏

[@ganeshkambli9685]

Incredible video Very helpful video. All details covered.

[@urvashianand9808]

Great video 👌 If we are filling the form in March 2022, what should we write in the previous year section?

[@JekieMartin]

Thank you so much 👍 really very nicely explained in comparison to others......

[@prakashraval64]

Thanks Sir For Form 15G ❤️👍

[@TaxGuruJi]

Always welcome

[@vinodsamant8629]

Dear sir, when I had applied for the pf withdrawal my passbook amount was showing less than 50k so I didn't filed the form 15, however after a few days of applying for withdrawal my passbook got updated the total amount went above 50k. Yesterday I received the message from pf department which says that my TDS has been deducted from the amount and rest amount will be credited to the bank account. Now sir is there any procedure through which I can get back my deducted amount?

[@TaxGuruJi]

Vinod ji you can take help of this video for refund of TDS deducted on PF withdrawal kzbin.info/www/bejne/mJO9iXh4qbV1Z5o&lc=UgwBEQqheeQR4eYCDsh4AaABAg

[@DEATH-CODM]

Thanks for this video. My pf got settled in 6 days.

[@ashokkumarsamal8480]

Thanks for your clear and informative video

[@ppsvlog4538]

Please follow the steps as it was really helpful in my pf withdrawal.. thanks a ton👍

[@manishagrwal570]

Dear, very good , after long time found a useful video on you tube.... kudos to you and best of luck.

[@jayantadas2047]

Thank you so much for this video..it has helped me a lot and finally I received my amount..but I hv not received full pension amount

[@ericjackson6757]

Very Very informative video sir.Thank You

[@rpandey8085]

Thanks bro u made easy to understand and also you have proper knowledge

[@linivs4762]

Thank u soo much .Very useful video. I got my amount without any deduction .

[@rgrvikram1539]

Thank you so much for the information provided in this video as well as in PF withdrawal process video. I have a doubt - If income limit is more than 2.5 lakh can the person fill this form???

[@TaxGuruJi]

According to income tax rules one can not fill this declaration if income is more than 2.50 lakh but now a days EPFO is rejecting PF claiming in absense of form 15G. So you should submit it irrespective of your income.

[@ravikumarsah6282]

Dear Sir, Thanks for the video, as this is very useful to many . I would like to know what can be done if I have 2 UAN no. & I want to withdraw the PF including Pension amount of my previous company in which Date of exit is mentioned. In my current company I have used my other UAN no. & I m very confused in 17 column of form 15G. What should be written there, Please Guide me as soon as possible. My income is not under income tax but including my current income with pf withdrawal including pension exceed the 5.5 lakh

[@PainGamingGlobal]

Dono withdraw krana ho toh uska sirf amount ka kya krna hai jaise ki PF and PS dono nikalan ke liye

[@DeepakKumar-kc8xw]

Sir extra income agar na ho to fir column no -17, Main PF wala hi total amount bharna hoga na please reply to me ye or no

[@girishviswanath2766]

Very clearly explained. Thank u

[@sumanchakraborty3038]

Nice explain, but I have a question, if number 15 coloum become 'NO' Then what to do for 16/17/18/19 coloum ? And sir part 1 hi upload karna hai, yea 1 ke sath p2/p3 (blank) upload karna hai sir ....??

[@sid4201]

Thanks for the video, can you put a video for non resident indian for PF withdrawal

[@Rajmohittron]

What should be the financial year for 2022? Is it 2021-2022?

[@pinakiroy6639]

Thsnk you sir..it helped a lot

[@shubpraja8091]

Sir is vdo me ek bat clear nhi ho payi h. Agar kisi ko job quit kiye hue 3 years ho chuke h or vo aaj ki date me apna pension withdraw krna chahta h to form 15g ke 4th num me kon sa year fill krna hoga. Ans same thing 15 g ke declaration me kon kon sa year mentikn krna hoga Plz ye point clear kr dijiye

[@Rachrocks8]

Hi Sir, Other income jisme aapne 250000 ka income mention kiya hai kya usme aapne pension amount include kiya hai kya?

[@vasudev8904]

Sir thanks for the important information sir Part II Bina fill liye hi upload kar Dena hai means koi problem to nahi aayegi

[@anmolchakraverty5421]

U r genius mate

[@LaxmanSingh-rt3xf]

सर नमस्कार सर हम काफी टाइम से कोशिश कर रहे हैं पीएफ ट्रांसफर के लिए ट्रांसफर नहीं हो रहा हमारा जो भी डाटा है वह एकदम सही पीएफ ट्रांसफर की OTP भी सबमिट करते समय नेम रिसीवड फ्रॉम यू डी आई सर्विस डस नॉट मैच अवेलेबल डाटा यूनिफॉर्म पोर्टल

[@rajantickoo3018]

Hi. Thanks for sharing such valuable information. I have applied many times with the same procedure and every time it is getting rejected with the reason submit form 15g.Is there any source to find whether it is getting uploaded?

[@rosalindehury2767]

What should I fill in previous year if I quit my job in September 2021?

[@s.j.b2826]

Sir declaration me jo finacial year dalna hai wo kaisi dalu I mean mai agar 20-may-2023 ko form fill kar raha to date kis prakar se dalna hoga plz help

[@creativeversedashboards5131]

Sir thank you so much for providing the valuable information but i have worked for one year and pf is below 50 k still i need to apply form 15 g please advise on this .. Thanks Much !

[@kalicharankhetwal]

thank you so much sir. it was very helpful..Thanks a lot!

[@8nbca056]

Sir small query in ur video u have mentioned aggregate amt as 2.15 which is 1.5 for pf and 1 as other income. This other income represent as salary for whole year or how we need to put

[@Calligralina]

Thanks for the video. To let you know the email address provided in description is not working.... Plz check. I had a few questions to be cleared regarding more than one member ID...

[@bindu8429]

I am little confused in previous year and assessment year and financial year. Can you help me?

[@adarshrajput3314]

Bhai Form 15G ka first page hi fill krke upload krna h na ya dono page upload krne h

[@TaxGuruJi]

Yes only first page sufficient hai form 15G ka for PF withdrawal

[@anantsawant4189]

मेरे वाईफ का पीएफ विड्रॉ करना है. लेकिन उनकी प्रीव्हियस कंपनी का पीएफ बॅलंस नही दिखा रहा है. तो जो अभी कि कंपनी का जो भी है वो निकाल सकते है क्या

[@aaravmunda6769]

Sir am confused....17 no. Me other koun sa income likhe...jab avi hm jab kar hi nhi rhe hai...mera job chore 5 month ho gaya hai toh ...koun sa other income qdd karke daale??

[@newgeneration9715]

Nice information 🙏

[@sarveshkumarsingh461]

Sir mera total pf and pention withdrawal मिलकर 35000 है. Sir aap ye bataye ki agar mai 15 g form नहीं bharuga ya upload nahi kiya to kya hoga

[@nishaparmar7540]

Sir 15 g me kaunsi sign karu mein? Because bank me aur pancard me sign alag hai.... Plz reply sir

[@sanjunaik8584]

Sir ji agar ek company me sirf 6 ya 7month hua hoga to jo pucha hai annual amount dia hai kaise dalenge

[@shivbaba1685]

Thanks 👍 Brother

[@Odiaadimusic]

"Invalid bank ac no. Kindly update your bank ac details through self mode or employer" why its showing in Claim form section? Plz guide me. Urgent.

[@jayalakshmisripradha4328]

Sir now in April 2021 am applying for of withdrawl filling 15g form as well.am confused with the previous year and assesment year.could you please tell me the correct previous year and assessment year in the form.

[@sumitgpatil]

Thank you so much...❤️

[@Salesmanbakchodi]

Sir mai 2 company me Kam kiya hu phli company ka mera employee share aur pension ka baki hai kaise nikale Second company ka full and final kr liya hu

[@rajivsingha22]

Thank you. If my PF withdrawal is less than 50,000, do I still need to fill up form 15 G?

[@manojsagare3573]

There is no option showing form 15Gwhile claiming for Advanced PF... could you please guide me...???would be big help

[@nishashrivastava3273]

sir 2014 ke pahle ka pf completely withdrawal kaise kare without uan

[@Hemalatha-pg5zv]

Sir can you guide me on how I can withdraw my old company pension fund?

[@technologypower9392]

Sir mujhe yeh bataye full pf withdrawal mai 15g ka Part 1 upload hoga ya teno page upload honge pdf format Please reply

[@afzalhussain5053]

In my case, I satisfy only one condition i.e. my service is less than 5 years but my amount is less than 50k. Should I need to fill Form 15G for PF claim?

[@shaikh154]

Dear Sir, I wanted to withdrawal my PF amount for one of the company in which I worked in the year of 2016 -17 so could you please guide me how to fill form15 for this scenario.

[@RKSTUDIO307]

Sir plz make a video on how to fill 10c.🙏

[@manoharmehra1033]

😊 thanks

[@TaxGuruJi]

You're welcome!

[@jemimahsamuel9711]

i have a question- if my pf amount is less than 30,000 & total work service is around 1yr, will my TDS WILL BE DEDUCTED?

[@technologypower9392]

Sir mujhe yeh bataye ki 15g ka Part 1 upload hoga ya teno page upload honge pdf format Please reply

[@praveenjha82email]

Thank you for sharing this informatin.

[@AbhishekPandey-oz9eu]

Sir column no 17 nhi samajh aya.. Meri ctc 288000 thi... Thn kya fill kroon

[@shobhithamarnad9471]

Thank you so much sir Actually I was really worried how to fill this form . Now it's clear . Thank you so much once again❤❤🙏🙏

[@deepapanwar82]

Dear sir thanks a lot

[@TheAlphabeta87]

Hi.Thank you for the video it's very useful. Have a question. In 17 column we need to include of amount with other income. (The other income includes salary for that financial year or any income other than salary.

[@savtagaikwad3731]

mera bhi yaho questions hai

[@nareshpatil3897]

The video was really awesome Just have one query like if my total service period is less than 5 years and Total PF withdrawal amount is more than 50000 and I belong to 5% Income tax slab then what should I mention in form 15 G Please reply

[@amoskamei5984]

Sir, thank you so much for this important informative video regarding form 15g. It will help a lot for a poor employee like me. I have no doubt regarding possible tax deduction if pf amount is above 50k and having employment period of less than 5 years collectively. However, I got one confusion. As per the form sample you used here, it indicated form filing date as 7/18/2019. I supposed you used the date format in mm/dd/yyyy? Plz clarify. Also, incase, if the filing date is sometime in 2019, won't the previous year ending and relevant to the assessment year be 31st march 2019 and 31st march 2020 respectively in declaration/verification section?

[@zernigaralam766]

Dear Tax Guru ji, My total PF amount is less than 50k (actually amount+pension).do I need to fill and upload the 15G form to avoid any deductions?

[@anoobhamza]

As far as I searched, No one else has explained in depth about this matter other than you. Kudos! Thanks dear.

[@Nirvana1.1]

Hello Tax Guruji... There is a correction on Item 17. The total income for the year need to be mentioned where the tax liability is Zero. As per IT act upto Rs 5lakhs for salaried employees is exempt of tax. So if my net income after all deduction plus pf withdrawal is less than 5 lakhs, that figure needs to be written. For example pf withdrawal is 150,000 and net income for the year is 300,000. Then item 17 should be 450,000.

[@rajeshrama2448]

Hi I have a doubt for column 17, should i include my salary i got from april 2023 to aug 2023 (excluding the deductions of pf etc), my last working month was august

[@shirsendumaiti5682]

@@rajeshrama2448 same here i have the same doubt as well. I left my job on may 2023. Do i have to include all the salary amount from month of jan to month of may?

[@aneesahmed6836]

Dear Sir, Thank you 🙏very much for a wonderful video you have made pertaining to filling of Form 15 G.Thank you for wonderful effort. I am going to claim my PF settlement and hope this video will help me a lot. I appreciate your way of presentation which a layman can understand well. Thank you...

[@binods6216]

if PF+Pension is more than 50k and duration is less than 5 years to kya Form 15G fill krna hai ?

[@_SUBHANKAR_23]

Nhi bhai

[@vikyAbazz]

My PF+ Pension is below 50k n i have worked for a year only wt did u do?

[@royzvarghese4707]

Sir, i really thanking you for the video covering all aspects of filling the form So much informative....touching and clarifying all points where mistakes/omissions can happen. Very superb,...you are so fast in communication but anyone can understand.

[@anjanitawde]

Thank u so much for the detailed session.. it helped me a lot

[@VikashSharma]

Respected sir, Should I fill the form 15G while my amount is more than 50 thousands and my working years is more than 5 year? Please reply sir Thank you so much for your help. 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

[@dkalyan9868]

Same problem say sir

[@VikashSharma]

@@dkalyan9868 no need to fill 15G if your amt is More than 50k and working year is more than 5 year My problem solved brother.

[@VikashSharma]

@@dkalyan9868 and if you are not feeling safe from tds you can fill 15G, on filling form 15G no tds will apply. Lot of people fill 15G it doesn't matter how much amt you have and for how long did you worked.

[@dkalyan9868]

@@VikashSharma tq for U r reply bro very tqfull actually my mother 20years service and 97222/-rupees should I fill or not u said clearly I understood say

[@dkalyan9868]

And wht u done bro with same problem have u withdraw or not

[@himanshuzady1]

Sir its very good, informative vdo... I hv a query 1)I had work 14years, 2)pf amount is 2.00lac nd pantiond amount is 73k(more than 50k.) What to do for 15g have to fill or not sir???

[@TaxGuruJi]

Thanks a lot Himanshu. You need not to fill form 15G as your total service is more than 14 years hence TDS will not be applicable while PF withdrawal as per PF rules.

[@himanshuzady1]

@@TaxGuruJi thank u for the information.

[@TaxGuruJi]

You are welcome

[@krish4u1431]

@@TaxGuruJi but without 15g claim is not processed its getting rejected , i have done 3 times

[@aakifamurtaza1514]

@@TaxGuruJi sir ji my 1st company is more than 8 years and last company is 8 months total 9.2 years in same UAN no. But their is break within. Do I need to submit form 15G

[@umadevim7861]

Genuine Heartly Thank you so much for this information.

[@zackpandey9053]

Hi sir I want to ask a question if I left my job in oct 2019 and now in April 2020 so previous year me main 2019-20 likhu ya 2020-2021

[@sapnavlog142]

Yes ending year march tak ka hota hai uske bad next financial year on ho jata hai

[@sapnavlog142]

Apko ending year 2020 or 2021 dalna hoga or niche ek declaration section hai usme ap ending year me 31 march 2021 or assessment year 31 st march 2022 dalna hoga I hope this information will help you

[@zackpandey9053]

Thank u sapna but u r lit bit late in replying I already got my money 3 months back

[@pratiknatekar3626]

@@zackpandey9053 Hi Akash. I want to know that you left job in Oct 19 and you filled form in April 2020, then what did you write in coloum 17(Estimated income) as new financial year began in March 20. Thank you

[@RituJoyee]

@@sapnavlog142 I am applying bon feb 2021. kindly guide what will be my Year endeing year and year ending date and Assesment year. Kindly reply soon.

[@nihilsorathia4955]

Dear Sir, I have resigned from job in July 2019 and my total job period was of 4 years. My epf amount is more than 1.5 LACS. In my case column 17 of form 15G is around 1.5 Lacs. Is it necessary to fill form 15G in my case? TILL july 2019 uptil now i didnt do any job or income in my case. how to save my tds ?

[@youlearnhere5089]

Yes

[@mohammadareeb8356]

Hello Sir Thank you so much for such a nice video. I have three questions to clear my doubts. 1- Suppose we have 80,000 in our PF balance and as per govt latest guidelines we can withdraw up to 75% of our PF amount. So, what amount should we write in Column 16? 80,000 or 75% of 80,000 2- Do we need to write CTC+ PF amount in Column 17, or just basic + PF or In hand salary+ PF? Suppose if someone's CTC is 3.8 lakh and in hand 2.9 lakh. So, what amount should be mentioned in Column 17? 3- What amount should be written in the last box of column 19? If you have made any latest video to withdraw PF based on Covid 19 lockdown scenario. Help me with the link. Thanks and regards Mohammad Areeb Please help me in this.

[@TaxGuruJi]

You can put 80000 but they will provide as per your eligibility and other details you can put on an estimate basis don't try to be that much precise.

[@mohammadareeb8356]

@@TaxGuruJi Thanks for your response Sir.👍👍👍

[@shirsendumaiti5682]

@@TaxGuruJi Hi I left my job on may 2023. This month would be more than 3 months of being unemployed. Am i eligible for 100% Withdrawal? Do i also have to mention the salary i have received so far from jan 2023 to may 2023 in field 17?

[@ruchikagarg4800]

Who is Best? Tax Guru Ji - Comment The CA Wale - Like Must Suggest

[@TaxGuruJi]

Ruchika no channel is best. Every channel is unique and has its own quality

[@rupeshtrivedi6353]

Tax guru ji

[@devenchawda3787]

I left my last company in sept 2019 and unemployed since then however my overall experience is 12.6 years. I would like to withdraw my entire amount for which will refer your other video. So i am not supposed to fill any 15G form ....just want to be double sure.

[@TaxGuruJi]

Yes Deven ji as per PF rules you are not required to submit form 15G while claiming PF withdrawal

[@afrozshaik7941]

@@TaxGuruJi but if one works continuosly for more than 5 years in same company, then he can still submit the 15G form and futher deductions will not happen. Correct me if I'm wrong and please do reply :-)

[@shantilalbhayal9462]

Sir I completed 10 yrs job .when I am withdrawing pf online than there is form15 upload section. I have to upload or not.pls clarify. And my pf contribution is 8.5 yrs can I withdraw pension amounts

[@MrConan13579]

Hi I have completed 10 continuous years of service and the amount is more than 50k do I need to fill 15g for Pf withdrawl

[@TaxGuruJi]

No alfred if service is more than 5 years there is no need to fill form 15G. Your TDS will not be deducted at the time of PF withdrawal.

[@riazalimohammed186]

Hi alfred did u processed your PF successfull, please advise.

[@ganeshgadambe512]

@@TaxGuruJi And then also we fill the form 15G then it will ok or no need to upload it only

[@ravindersingh8863]

First of all, thank you for such an informative and detailed video. Your videos are always self-explanatory and easy to follow. I have a query, regarding whether my tax would be deducted : I have a total income of 4 lakh and 10 thousand for the assessment year 2020-2021 which include the Provident fund amount as well. My question is will the tax be deducted after claiming the PF amount even after filling the form 15g. My service is less than 5 years and the PF amount is 1 lakh and 4 thousand. Awaiting your response @Tax Guru Ji Much thanks

[@VikashSharma]

Dear, on filling form 15G and link latest update of your PAN, no tds will deduce

[@shikharouniyar1815]

@@VikashSharma my service is more than 5 years in the same company and my pf amount is 96000 will my tds be deducted even after putting form 15G

[@VikashSharma]

@@shikharouniyar1815 NO, you are safe

[@VikashSharma]

@@shikharouniyar1815 ⚠️ but your pan card must be updated on epfo site

[@aquarianolive]

@@VikashSharma Thank you for a detailed video. I have a query, my total service is 9 yrs and my PF amount is 4,30,000 will my tds be deducted after putting 15G

[@yaminmir3976]

Nice video : I have a question .. I have resigned in September 2019 and My total PF is 53000 and my salary was 5lac p.a, will there be any deduction if I upload 15 G as well ?

[@TaxGuruJi]

Yamin if your total service is less than 5 years as per EPFO then TDS will be applicable as PF is more than Rs. 50000. The same is clearly explained in the video itself.

[@kirtisharma8759]

If you upload 15g form then tax will not deduct , Am I right sir ?

[@pritamgogoi2010]

@@kirtisharma8759 Kirti ji, his salary was 5L P.A. and clearly explained in the video itself that this is a declaration that your annual income is below taxable limit i.e. Rs. 2.50 lakh. He is not eligible for form 15G as per his income.

[@nagindergroovelab]

Your way of teaching is mind-blowing 🔥🔥🔥

[@aravindkumar-ph5vp]

Sir there is no PAN in my pf account. My pf balance is 35000. Do I need to fill form 15g also do I Need to update the PAN number.

[@seetaram6965]

For Column 18, i have filled Form 15G for PF and it is rejected. Am applying again. Do we need to mention it as filed earlier or not since it is not claimed?

[@dibyalinasahoo6941]

Vdo is useful..bt the dates u mentioned here...I can't understand...at no.4 u filled 19-20year Then at delaration u filled previous year 20, relevant year21 n again at d place of date u give the date of 2019.how it can be possible??

[@nikitadey2129]

i have filed 15g form for pf once in April but it got rejected. So will that 15g form count as 1 in #18 in the form??? Please help

[@vkp9559]

सर मुझे 15g form भरना चाहिए या नही ? सर मेरे दो एंप्लॉयर हुए। दोनो की मेंबर आईडी को मैने मर्ज कर लिया है। एक एंप्लॉयर में 1.8 ईयर का contribution है और एक एंप्लॉयर का सिर्फ 1 मंथ का । Sir मुझे सिर्फ ये बता दीजिए की मुझे 15g form भरना चाहिए या नहीं? Employee share Closing balance 31/03/2023 is rs. 14570 Employer share deposit rs.4456

[@TaxGuruJi]

aapka PF balance 50000 se kam hai isliye aapko PF withdrawal claim ke time form 15G bharne ki jarurat nahi hai

[@johnsonpuli6027]

Sir I have two ids under single uan I have resigned completely presently not working in any company Should I make transfer or any other process pls suggest for final settlement

[@rayunited2010foryou]

16. Under Part 1: Do we have to enter the total PF amount without interest? My total PF amount is just below Rs. 50,000. But the interest is making the total PF amount go over Rs. 50,000. This is why I have to fill up form 15G. Please help.

[@jakisonojha8433]

Yes, you have to because the total amount is exceeding 50k.